ID :
199541
Sun, 08/07/2011 - 05:29
Auther :

Samsung C&T wins US$3 bln deal from Canada

(ATTN: ADDS KEPCO's role in 3rd para, CHANGES year in 4th para)
SEOUL (Yonhap) - Samsung C&T Corp., a South Korean trading and construction company, said Sunday that it has signed a US$3 billion deal to build wind and solar energy power plants in Canada.
Under the deal with the government of the Province of Ontario, Samsung C&T will construct 520 megawatt energy farms in the southern regions of Haldimand and Chatham-Kent, and 550 megawatt complexes in Kingston and Bruce.
The deal also calls for South Korea's state-run Korea Electric Power Corp. to design electrical wiring and operate the plants.
Samsung C&T said that the deal covers the first two steps of Canada's five-stage projects to build 2,000 megawatt wind farms and 500 megawatt solar power plants in the province and operate them for 20 years.
If completed, the energy farms are expected to supply electricity to 1.6 million households every year, said the company.
Samsung C&T said it will start work on the first two steps of the project next year and the construction is expected to be completed by 2014.

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